My First Property (House Hacking) NEED ADVICE

[Jared Garay]

Hello, I am new to bigger pockets and new to real estate investing. My plan is to buy and hold single/multi family properties and I am open to all strategies. I am looking to acquire my first property using the house hacking method. 

I live in the Dallas area and the market is crazy. The issue I am experiencing is none of the properties on the market cash flow the first several years. Is is a good idea to buy a property if you have around $100-300 of negative cash flow? I have talked to a several investors and they say that cash flow goes up over time. I can handle paying that extra bit of negative cash flow per month but is it worth it? I have made around 10 offers, all unsuccessful, because there are so many people paying cash. I am now leaning towards a new build in hopes of securing a deal. 

Again, my biggest concern is nothing cash flows... 

IMO Pros:

Owning a property and start building equity

Over time the cash flow should eventually go positive

IMO Cons:

Paying the negative cash flow per month